Below is a spreadsheet that highlights the changes to David Winters' Wintergreen Advisors US long stock portfolio as of Q4 2012. For a look at how his portfolio has progressed, see our previous update:

The quarter saw several incremental adjustments to the heavily concentrated portfolio with the total number of positions remaining steady at 12. Coca Cola (KO) was the only major move this quarter with a stake increase of around 50% - the stake currently accounts for 9.23% of the portfolio. The portfolio value increased marginally from around $740M to almost $760M. Incremental stake increases include Altria Group (MO), Berkshire Hathaway (BRK.B), and Canadian Natural Resources (CNQ) and they each account for over 10% of the portfolio. Marginal stake reductions happened in the two smallest allocations in the portfolio: McDonalds Corp. (MCD) and Norfolk Southern (NSC), each accounting for around 1.5% of the portfolio.